The stock of XPO Logistics Inc (NYSE:XPO) is a huge mover today! About 4.70M shares traded hands or 335.19% up from the average. XPO Logistics Inc (NYSE:XPO) has risen 8.81% since April 1, 2016 and is uptrending. It has outperformed by 7.60% the S&P500.
The move comes after 9 months positive chart setup for the $3.73 billion company. It was reported on Nov, 3 by Barchart.com. We have $43.26 PT which if reached, will make NYSE:XPO worth $895.20M more.
XPO Logistics Inc (NYSE:XPO) Ratings Coverage
Out of 10 analysts covering XPO Logistics (NYSE:XPO), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. XPO Logistics has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Cowen & Co maintained it with “Outperform” rating and $38 target price in Friday, August 5 report. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, November 11 report. Cowen & Co maintained XPO Logistics Inc (NYSE:XPO) rating on Friday, November 6. Cowen & Co has “Outperform” rating and $44 price target. The firm has “Buy” rating given on Wednesday, November 2 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, September 29. The company was maintained on Friday, September 11 by FBR Capital. Buckingham Research initiated it with “Buy” rating and $38 target price in Tuesday, May 17 report. The rating was maintained by Citigroup on Thursday, April 14 with “Buy”. As per Friday, August 7, the company rating was maintained by FBR Capital. The stock of XPO Logistics Inc (NYSE:XPO) has “Buy” rating given on Friday, August 5 by Stifel Nicolaus.
According to Zacks Investment Research, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.23, from 1.03 in 2016Q1. The ratio improved, as 31 funds sold all XPO Logistics Inc shares owned while 42 reduced positions. 23 funds bought stakes while 69 increased positions. They now own 79.72 million shares or 1.50% more from 78.54 million shares in 2016Q1.
State Street Corporation last reported 1.84M shares in the company. Public Sector Pension Investment Board last reported 3.92% of its portfolio in the stock. Moreover, Brown Brothers Harriman Comm has 0.03% invested in XPO Logistics Inc (NYSE:XPO) for 218,689 shares. Equitec Specialists Limited Liability Corporation accumulated 2,721 shares or 0.01% of the stock. Qci Asset Mngmt Ny reported 50 shares or 0% of all its holdings. Pyrrho Capital Lp reported 27,000 shares or 2.21% of all its holdings. Pictet Asset Ltd last reported 0% of its portfolio in the stock. Pnc Ser Group Inc reported 6,613 shares or 0% of all its holdings. Us Comml Bank De accumulated 0% or 34,913 shares. Fieldpoint Private Advsrs accumulated 66,800 shares or 1.2% of the stock. Winch Advisory Services Limited Co holds 0.01% or 390 shares in its portfolio. First Western Capital Mngmt last reported 0.33% of its portfolio in the stock. Motley Fool Wealth Management Ltd Liability accumulated 0.33% or 113,892 shares. Gam Ag accumulated 0.05% or 111,525 shares. Strs Ohio has invested 0% of its portfolio in XPO Logistics Inc (NYSE:XPO).
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $20.25 million net activity. GIC Private Ltd had sold 550,000 shares worth $20.25M on Monday, August 8.
More recent XPO Logistics Inc (NYSE:XPO) news were published by: Fool.com which released: “XPO Logistics Jumps Higher on Strong Earnings Growth, Future Guidance” on November 03, 2016. Also Wsj.com published the news titled: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” on October 27, 2016. Wsj.com‘s news article titled: “Some XPO Logistics Workers Vote to Unionize” with publication date: October 13, 2016 was also an interesting one.
XPO Company Profile
XPO Logistics, Inc., incorporated on May 8, 2000, is a transportation and logistics company. The Firm provides supply chain solutions. The Firm operates in two divisions: Transportation and Logistics. All of the Company’s businesses operate as the single global brand of XPO Logistics.
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